The Charity Commission’s Internal Finance Controls (CC8) guidance note is essential reading for all registered charities.

The charity Commission published on 24th February, its guidance on the questions in the 2023 annual return, as well as updating the general annual return guidance

QuickBooks have announced that QuickBooks Desktop will be discontinued in the UK. This will mean that there will not be a 2022 edition and they will be ending their full support for the product on 31 January 2023.

In preparation for the introduction of Making Tax Digital for Income Tax Self-Assessment, the basis period rules for unincorporated businesses are being abolished. In its place, unincorporated businesses will be assessed on the profits actually earned in the tax year.

In preparation for the introduction of Making Tax Digital for Income Tax Self-Assessment, the basis period rules for unincorporated businesses are being abolished. In its place, unincorporated businesses will be assessed on the profits actually earned in the tax year.

The Recovery Loan Scheme (RLS) is currently open to businesses of any size to support them to access loans and different kinds of finance so they can rebuild after the pandemic and pandemic transition period, this replaced the former schemes of CBILS and BBLS.

Key dates for your diary in January and February 2022.

The October Budget 2021 was a mixture of both positive and negative news for UK residents and businesses. We have highlighted key negative news for both.

Every business should monitor and understand their cash flow. To fully understand your business’ cash flow, you will need the most up to date financial information about your business. Cloud accounting software gives you the ability to access your business’ whole financial picture all in one place, at any time. 

During the course of this year, all Xero users will have to set up multifactor authentication to meet the changes. Xero users are able to choose between two different authentication combinations, for example your email address and password, with something that has an authenticator app, like a tablet of smartphone. 

If you became self-employed after 5 April 2019 and you have submitted your 2019-20 tax return before 2 March 2021, you may be eligible for the next two Self-Employed Income Support Scheme (SEISS) grants for the quarter end 30 April 2021 and the final claims period to 30 September 2021.

Consumers and small businesses will benefit from better deals and savings through innovative services, thanks to new Smart Data laws proposed by government.

The Government and HMRC remain committed to the "Making Tax Digital" project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions.

The Government and HMRC remain committed to the "Making Tax Digital" project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions.